The Philippine Stock Exchange index (PSEi) declined on Wednesday, Aug. 5, despite the slightly lower July inflation rate of 6.2 percent as investors took profits ahead of the second-quarter gross domestic product (GDP) data release and amid overseas uncertainties. The main index dipped by 10.33...
An iconic scene in The Odyssey is Odysseus’ encounter with the Sirens. Their singing was so beautiful that anyone who heard it lost all self-control. Captivated by the music, sailors would steer their ships toward the Sirens and crash into the rocks. Odysseus wanted to hear the song without...
Local equities fell as global geopolitical friction and domestic fiscal policy concerns eroded risk appetite, halting a previous session rally. The Philippine Stock Exchange index (PSEi) slipped 38.08 points, or 0.6 percent, to close at 6,296.64 on Tuesday, Aug. 4. Sectoral performance was mixed,...
The Philippine Stock Exchange index (PSEi) rallied on Monday, Aug. 3, after oil prices fell on news that the United States (US) had halted strikes against Iran to allow peace negotiations to resume. The main index jumped 98.28 points, or 1.58 percent, to close at 6,334.72. Services led the gains,...
Diversified conglomerate San Miguel Corp. (SMC) listed ₱30 billion worth of preferred shares on the Philippine Stock Exchange (PSE) on Monday, Aug. 3, following a successful follow-on offering (FOO). PSE President and Chief Executive Officer (CEO) Ramon S. Monzon commended SMC for its successful...
This will be a data-driven week for the stock market as investors look ahead to Philippine inflation and gross domestic product (GDP) figures, United States (US) production and employment data, as well as more first-half corporate earnings reports. “Higher-than-expected July inflation might...
The Philippine Stock Exchange index (PSEi) fell as the week ended on Friday, July 31, as investors cashed out ahead of the release of inflation and gross domestic product (GDP) data, as well as the rebalancing of the bourse’s benchmark index next week. The main index lost 69.31 points, or 1.1...
Local stocks advanced as investors drew encouragement from signals that the Bangko Sentral ng Pilipinas (BSP) will refrain from aggressive interest-rate hikes, easing worries over rising borrowing costs and bolstering appetite for risk assets. The Philippine Stock Exchange index (PSEi) added 49.01...
The Philippine Stock Exchange index (PSEi) dipped on Tuesday, July 28, after President Ferdinand Marcos Jr.’s State of the Nation Address (SONA) last Monday, July 27, failed to distract investors from concerns over the Middle East and upcoming corporate earnings reports. The main index shed 10.87...
Maynilad Water Services Inc. will join the Philippine Stock Exchange index (PSEi), taking the place of broadband operator Converge Information and Communications Technology Solutions Inc. in the main benchmark, following strong trading volume and market value growth after its initial public...
The Philippine Stock Exchange index (PSEi) rose on Monday, July 27, after the halt in hostilities in the Middle East prompted some investors to start bargain-hunting. The main index gained 33.89 points, or 0.54 percent, to close at 6,314.90. Miners led the advance, while conglomerates and...
Local equities face heightened downside risks this week as the worsening Middle East conflict sparks energy price spikes, compounding domestic growth and inflation worries. Escalating tensions involving the United States (US), Iran, and Yemen-based Houthi militants have driven global oil benchmark...
